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Finance signals no excise tax cut as oil fund remains main diesel shield
Finance signals no excise tax cut as oil fund remains main diesel shield
WEDNESDAY, APRIL 01, 2026
Finance Ministry is leaning on the Oil Fuel Fund, not excise tax cuts, to cushion diesel prices amid energy turmoil and fiscal concernsThailand weighs fuel tax cuts as global oil surge tests fiscal limits
Thailand weighs fuel tax cuts as global oil surge tests fiscal limits
TUESDAY, MARCH 31, 2026
Thailand considers cutting fuel excise tax as oil prices soar, risking up to 14 billion baht monthly revenue loss amid global energy crisisAnutin: oil prices may rise again; Finance Ministry warns excise cuts could cost 14bn baht a month
Anutin: oil prices may rise again; Finance Ministry warns excise cuts could cost 14bn baht a month
SATURDAY, MARCH 28, 2026
Prime Minister Anutin Charnvirakul says oil prices could climb again as Middle East tensions persist and the Strait of Hormuz remains closed, while Thailand focuses on securing domestic supply. The Finance Ministry’s modelling shows cutting excise by 5 baht per litre could cost the state about 14bn baht a month, reviving concerns seen in 2022 when tax cuts reduced annual revenue by over 150bn baht.Oil tax cut last resort as Finance fears revenue hit
Oil tax cut last resort as Finance fears revenue hit
SATURDAY, MARCH 14, 2026
Finance Ministry sees cutting oil excise tax as a last resort, amid fears of lost revenue and public debt edging closer to the 70% ceilingFinance proposes excise tax restructuring to boost revenue by 7.6%, targeting 578 billion baht
Finance proposes excise tax restructuring to boost revenue by 7.6%, targeting 578 billion baht
WEDNESDAY, FEBRUARY 18, 2026
Finance Ministry plans excise tax reforms to increase revenue by 7.6% in FY2026, focusing on products such as tobacco, alcohol, and environmentally harmful goods20m illicit cigarettes seized in Hat Yai raid
20m illicit cigarettes seized in Hat Yai raid
THURSDAY, FEBRUARY 05, 2026
Anutin led a briefing on a Hat Yai raid seizing 20m illicit cigarettes and arresting 14 suspects, with losses estimated at 67m baht and tax fines over 1bnExcise Department watches Neta after 24,000 EV compensation units remain; heavy penalties possible
Excise Department watches Neta after 24,000 EV compensation units remain; heavy penalties possible
MONDAY, JANUARY 26, 2026
Excise Department is monitoring Neta’s EV 3.0 obligations after it produced only 4,700 cars, leaving 24,000 still owed, risking heavy penaltiesGovt. signals VAT hike to 8.5% in 2028 and full 10% in 2030, with higher fuel excise from 2027
Govt. signals VAT hike to 8.5% in 2028 and full 10% in 2030, with higher fuel excise from 2027
THURSDAY, NOVEMBER 20, 2025
Thailand plans a phased VAT increase to 8.5% in 2028 and 10% in 2030, alongside higher fuel excise in 2027, as part of a broader fiscal overhaul to curb the deficit